Santander Holdings USA to delist Series I depositary shares

Santander Holdings USA, Inc. complied with NYSE rules and SEC requirements governing the voluntary withdrawal of its Series I depositary shares from listing and registration under Section 12(b).

Rhea-AI Filing Summary

Santander Holdings USA, Inc. complied with NYSE rules and SEC requirements governing the voluntary withdrawal of its Series I depositary shares from listing and registration under Section 12(b). Each depositary share represents a 1/40th interest in a share of Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series I. The New York Stock Exchange certified that it had reasonable grounds to believe it met the Form 25 requirements.

Key Figures

Depositary share interest: 1/40th interest in a share

1 metrics

Depositary share interest 1/40th interest in a share Each depositary share represents an interest in Series I preferred stock

Key Terms

Depositary Shares, Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, voluntary withdrawal, Section 12(b)

4 terms

Depositary Shares financial

"Depositary Shares, Each Representing a 1/40th Interest"

Depositary shares are tradable certificates that represent a fractional piece of a larger security held by a third-party bank, like owning a slice of a single big pie instead of the whole pie. They let companies issue and investors buy smaller, more affordable portions of preferred stock or other instruments; holders usually receive proportional dividends and market pricing similar to ordinary shares, but may have limited voting rights and different liquidity or tax implications, which can affect income and resale value.

Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock financial

"Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series I"

A fixed-rate reset non-cumulative perpetual preferred stock is a type of permanent equity that pays a set dividend for an initial period, then periodically resets that dividend to a new rate (usually tied to a market benchmark), has no maturity date, and does not accumulate unpaid dividends if the issuer skips payments. Think of it like a never-ending bond whose interest rate is fixed for a time then adjusted, but where missed payments are forgone rather than owed later. Investors care because it offers income with changing interest-rate exposure and higher risk than debt, including dependence on the issuer’s ability to pay and subordination behind creditors.

voluntary withdrawal regulatory

"governing the voluntary withdrawal of the class"

Section 12(b) regulatory

"under Section 12(b) of the Securities Exchange Act"

Section 12(b) of the U.S. Securities Exchange Act requires securities listed on a national stock exchange to be registered with the U.S. Securities and Exchange Commission (SEC) and to follow regular public reporting and disclosure rules. For investors, a 12(b) listing generally means more routine financial updates, regulatory oversight and easier buying and selling—like a storefront that must display its inventory and prices, making it simpler to inspect and trade the product.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Which Santander Holdings USA, Inc. securities are being withdrawn from NYSE listing?

The class is depositary shares, each representing a 1/40th interest in a share of Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series I. Santander Holdings USA, Inc. complied with NYSE rules and SEC requirements governing voluntary withdrawal from listing and registration under Section 12(b).

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Available on EDGAR 10/15/2026 - 09:28 AM EDT Accepted by SEC EDGAR 10/15/2026 - 09:28 AM EDT Learn about SEC filing dates

UNITED STATES

OMB APPROVAL

OMB Number:			3235-0080
Expires:	March 31, 2018
Estimated average burden
hours per response:			1.7

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 25

NOTIFICATION OF REMOVAL FROM LISTING AND/OR REGISTRATION
UNDER SECTION 12(b) OF THE SECURITIES EXCHANGE ACT OF 1934.

Commission File Number

001-16581

Issuer:	Santander Holdings USA, Inc.
Exchange:	NEW YORK STOCK EXCHANGE LLC

(Exact name of Issuer as specified in its charter, and name of Exchange where security is listed and/or registered)

Address:	75 STATE STREET
	Boston	MASSACHUSETTS	02109
Telephone number:					800-493-8219

(Address, including zip code, and telephone number, including area code, of Issuer's principal executive offices)

Depositary Shares, Each Representing a 1/40th Interest in a Share of Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series I

(Description of class of securities)

Please place an X in the box to designate the rule provision relied upon to strike the class of securities from listing and registration:

17 CFR 240.12d2-2(a)(1)

17 CFR 240.12d2-2(a)(2)

17 CFR 240.12d2-2(a)(3)

17 CFR 240.12d2-2(a)(4)

Pursuant to 17 CFR 240.12d2-2(b), the Exchange has complied with its rules to strike the class of securities from listing and/or withdraw registration on the Exchange. ¹

Pursuant to 17 CFR 240.12d2-2(c), the Issuer has complied with its rules of the Exchange and the requirements of 17 CFR 240.12d-2(c) governing the voluntary withdrawal of the class of securities from listing and registration on the Exchange.

Pursuant to the requirements fo the Securities Exchange Act of 1934, NEW YORK STOCK EXCHANGE LLC certifies that it has reasonable grounds to believe that it meets all of the requirements for filing the Form 25 and has caused this notification to be signed on its behalf by the undersigned duly authorized person.

2026-10-15	By	Anthony Sozzi		Analyst, Market Watch
Date		Name		Title

¹ Form 25 and attached Notice will be considered compliance with the provisions of 17 CFR 240.19d-1 as applicable. See General Instructions.

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.